Flaxmill revamp contributes £49.6m to local economy

The regeneration of a 200-year-old mill has brought economic benefits estimated to be worth £49.6m.

Shrewsbury's Flaxmill Maltings is famous for being the world's first iron-framed building, using technology which would lead to the development of the first skyscrapers.

It was restored by Historic England, which turned it into offices, cultural spaces and a community cafe, at a cost of £32m. A visitor attraction also operates there.

A report by AMION Consulting said that as a result, 62 jobs had been created and 18,340 people had visited in the past year, "contributing to local economic activity and community engagement" in the Shrewsbury area.

The consultants also said there were "social benefits", including an increase in local pride and a reduction in crime.

The restoration of the building has won 18 national and international awards including RIBA and Europa Nostra recognition.

It has also led to the main mill being removed from the Heritage at Risk register.

A visitor attraction component at the Flaxmill is operated by English Heritage but the site has remained in the ownership of Historic England since 2005.

Duncan Wilson, a former chief executive of Historic England, said: "The success of Shrewsbury Flaxmill Maltings provides a valuable model for future heritage-led regeneration projects across England."

The regeneration was carried out with the support of the Heritage Lottery Fund, which contributed £20.7m.

Its chief executive Eilish McGuinness said: "This has been an excellent heritage project for us as a showcase for how historic buildings can be reused and revitalised, supporting the local community and economy through shared spaces and jobs."

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